Sensitivity analysis
Based on the financial risks the following sensitivities has been identified.
Transaction exposure
Sensitivity analysis, effect on earnings when sales revenues and production costs are denominated in different currencies.
A general rise of 10 percent in the value of the SEK against all of the Group’s transaction currencies is estimated to affect consolidated earnings before tax by the following in MSEK, based on the fiscal year 2020:
| SEK | NOK | USD | EUR | Other | Total |
|---|---|---|---|---|---|
| Change +10% | 106 | 32 | –19 | –8 | 111 |
Interest-rate
Sensitivity analysis, effect on consolidated earnings before tax and equity.
| SEK | Consolidated earnings before tax | Equity |
|---|---|---|
| Change +1% | 18 | 2 |
At December 31, 2020, a general rise of 1 percent (100bp) in short term interest rates of debt with variable interest rates and cash surplus was estimated to increase consolidated earnings before tax by approximately 18 MSEK on an annual basis.
If interest rates were to rise with 1 percent (100bp) the total effect on equity due to cash flow hedges would have a positive impact on the amount by 4 MSEK.
